CU, Incorporated (CUI), produces copper contacts that it uses in switches and relays. CUI needs to determine the order quantity. Q, to meet the annual demand at the lowest cost. The price of copper depends on the quantity ordered. Here are price-break and other data for the problem: Price of copper $ 0.82 per pound up to 2,999 pounds Annual demand Holding cost Ordering cost $ 0.81 per pound for orders between 3,000 and 5,999 pounds $ 0.79 per pound for orders 6,000 pounds or greater 48,000 pounds per year 30 percent per unit per year of the price of the copper 30 Which quantity should be ordered? Quantity pounds

CU, Incorporated (CUI), produces copper contacts that it uses in switches and relays. CUI needs to determine the order quantity. Q, to meet the annual demand at the lowest cost. The price of copper depends on the quantity ordered. Here are price-break and other data for the problem: Price of copper $ 0.82 per pound up to 2,999 pounds Annual demand Holding cost Ordering cost $ 0.81 per pound for orders between 3,000 and 5,999 pounds $ 0.79 per pound for orders 6,000 pounds or greater 48,000 pounds per year 30 percent per unit per year of the price of the copper 30 Which quantity should be ordered? Quantity pounds

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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